Moody's Investors Service has affirmed the "A1" rating on Portland, Ore.-based Legacy Health's $359 million of rated debt.
The rating affirmation reflects Legacy Health's continued strong operating performance, maintenance of solid liquidity measures and gradual but steady market share growth.
Legacy Health also faces several challenges, including a large number of capital initiatives underway, as well as the possibility of more debt later this year.
The outlook is stable, reflecting Moody's Investors Service's expectation that Legacy Health's operating measures will remain strong.
More hospital outlook and credit rating actions:
Moody's revises Catholic Health System's outlook to stable
Moody's assigns 'Aa3' rating to Mission Health System's bonds
Moody's assigns 'A2' rating to St. Charles Health System's bonds